Intel Makes Good
On Recent Promises

By

Joseph Schuman The Wall Street Journal Online

Updated Oct. 14, 2003 5:37 p.m. ET

Intel's optimism for the third-quarter gathered steam as the period progressed, and the bellwether company for semiconductors and the myriad of related industries still managed to beat expectations when it released the numbers today.

Intel's quarterly profit, announced after the markets closed, more than doubled from a year earlier. It came in at $1.7 billion, up from $686 million, on revenue that rose 20% to $7.83 billion. That was slightly above Intel's forecast range, and Chief Executive Craig Barrett credited...